Ather Energy, a leading Indian EV brand, is set to debut on the NSE and BSE after a modest IPO subscription. Despite strong brand equity and tech credentials, the company faces challenges with profitability, reporting a significant net loss for FY24. Its future stock performance depends on scaling profitably and defending market share in a competitive EV market.
BofA upgrades Swiggy to buy rating, lists 3 reasons why
Bank of America Securities upgraded Swiggy to buy, citing its stronger balance sheet after a major fundraise, rising cash generation in food delivery, and potential